Interactive Brokers Group Inc Stock Price, News & Analysis

Interactive Brokers Group, Inc. (Nasdaq: IBKR) reported diluted earnings per share of $0.43 for Q3 2021, down from $0.58 in Q3 2020. Adjusted diluted EPS rose to $0.78 from $0.53. Net revenues totaled $464 million compared to $548 million in the prior year, while adjusted net revenues were $650 million, up from $518 million. The company declared a quarterly dividend of $0.10 per share. Customer accounts and equity increased by 57% and 52% respectively, with total DARTs rising 24%.

Interactive Brokers Group has launched cryptocurrency trading for Registered Investment Advisors (RIAs) in the U.S., allowing them to manage Bitcoin, Ethereum, Litecoin, and Bitcoin Cash on behalf of clients. The platform offers low commissions of 0.12% - 0.18% on trades, with a $1.75 minimum per order and no additional fees. This service integrates with existing offerings, facilitating a diversified portfolio management approach. Future expansions for RIAs in other regions are anticipated.

StackHabit, an automated wealth creation platform and SEC Registered Investment Advisor, is now available to residents of all 50 US states as of October 5, 2021. Founded in March 2021 by Cullen Breen and Ben Buchanan, StackHabit aims to democratize high-quality investing through concentrated portfolios primarily in equities. The platform allows clients to set up investment or retirement accounts based on their risk profile with no fees for buying or selling stocks. StackHabit collaborates with Tradingfront (NASDAQ: TIGR) for automation and custodies assets with Interactive Brokers (NASDAQ: IBKR).

Interactive Brokers plans to announce its third quarter financial results on October 19, 2021, at approximately 4:00 pm (ET). A conference call will follow at 4:30 pm (ET). Investors can listen to the call by dialing 877-324-1965 (U.S.) or 631-291-4512 (international), or via an audio webcast on the company’s Investor Relations page.

IBKR, providing automated trade execution globally, ranks as a top online broker according to Barron’s February 2021 review.

Interactive Brokers Group (Nasdaq: IBKR) reported strong performance metrics for September. The company had 2.260 million Daily Average Revenue Trades (DARTs), a 16% increase year-over-year. Ending client equity was $353.8 billion, up 52% year-over-year but down 3% month-over-month. Margin loan balances also rose 67% from last year to $50.2 billion. Additionally, the firm recorded 1.54 million client accounts, a 57% year-over-year increase. Average commission per cleared order was $2.58, highlighting competitive brokerage costs.

Interactive Brokers Group (IBKR) announced the appointment of Cecelia Zhong as Executive Director for Greater China, effective September 6. Cecelia will be based in the Hong Kong office and will report to David Friedland, focusing on business development in the region. Her extensive experience includes prior roles at NYSE Euronext and HKEX, and she was recently CEO of a Hong Kong-based fintech firm. This appointment aims to enhance Interactive Brokers' local product offerings and strengthen market relationships.

Interactive Brokers Group has launched cryptocurrency trading on its platform, allowing clients to trade Bitcoin, Ethereum, Litecoin, and Bitcoin Cash with low commissions ranging from 0.12% to 0.18% of trade value. This service is integrated with their existing asset classes, offering a unified trading experience. Initially available to U.S. residents, the firm plans to expand to Financial Advisors and international clients. The collaboration with Paxos Trust Company ensures a secure trading environment.

Interactive Brokers Group (NASDAQ: IBKR) announced a jury verdict in a patent trial where Trading Technologies accused it of patent infringement. The jury found that IBKR did infringe two patents but concluded the infringement was not willful, resulting in reduced damages of $6.61 million awarded to Trading Technologies. This lawsuit has been ongoing since February 2010, with previous invalidation of most patents involved. Importantly, IBKR is not required to change its systems or technology, as the two patents are now expired.

Interactive Brokers Group (Nasdaq: IBKR) reported strong brokerage metrics for August, highlighting a 24% increase in Daily Average Revenue Trades (DARTs) year-over-year, totaling 2.170 million. Client equity reached $364.6 billion, up 53% year-over-year. Margin loan balances were $49.7 billion, a 63% increase from last year. The firm also reported 1.49 million client accounts, a 57% rise year-over-year. Average commission per cleared order stood at $2.39. Overall, the metrics indicate robust growth in client engagement and financial activity.